$FOLKS has been overheated, attracting aggressive momentum traders
Current structure suggests blocking waves / exhaustion risk at higher levels
Trade Plan:
Position: Short (High Risk)
Entry Zone: 25 ā 27
Take Profit Targets:
TP1: 15%
TP2: 20%
TP3: 30%
Stop Loss: 28.5 š
Risk Management:
This is a high-risk counter-trend trade
Strict stop-loss discipline is mandatory
Capital preservation comes before profit chasing
Trade Logic:
Shorting strength near resistance zones
Expecting volatility compression or downside rotation
Partial profit-taking recommended to reduce exposure
Summary:
$FOLKS offers a speculative short opportunity at elevated levels. The setup favors traders with tight risk control, patience, and strict execution.
ā ļø Only trade what you can manage. Discipline > emotion.
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